Reserve Study

Annual dues are allocated to operation expenses for our shared community spaces and for a capital reserve fund to preserve and maintain those spaces in future years. The HOA engages an outside engineering firm every 5 years to determine the necessity and amount of reserves required to repair, replace, and restore capital improvement.

Please click here for a link to the June 7, 2024 Reserve Study completed by Building Reserves.

Maximum Allowable Assessment

The KCHOA Board of Directors has proposed an increase to the annual Maximum Allowable Assessment (MAA or “annual dues”) to $516 beginning in 2026. The KCHOA Declarations requires a vote of the membership for MAA increases above the “maximum percentage”. The proposed increased in the MAA is based on recommendations from the 2024 Reserve Study and the Board of Directors experience in managing the upkeep of our community spaces.

Residents are encouraged to vote on the motion to approve the MAA increase. A ballot was mailed to residences and can also be found here. Votes are due by May 12, 2025. Should we fail to attain an initial quorum of 323 members, the Declarations allow for additional attempts with a lower threshold of members.

Please don’t hesitate to contact any board member, kchoa.mgmt@gmail.com, or kcpresident@kchoa.org with any questions.

FAQ

  • Adjusted for inflation the $120 annual dues first established by the community in 1977 would be equivalent to approximately $629 today. The proposed increase in the MAA for 2026 is $516.

  • The proposed increase in the MAA for 2026 to $516 is below or in-line with annual dues/fees for other communities and/or private pools in our area:

    • Reston Association (non-members) - Family All Access Pass - $848

    • Four Seasons - $575

    • Hunters Creek - $625

    • Hiddenbrook - $563 plus $500 initial fee

    • Kingstream - $510

  • Annual contributions to the capital reserve account(s) are funded through our budget surplus. Increases in operational expenses since 2018 have reduced our capacity to save for required capital renewals. An assessment of recommended reserve contributions vs. actual contributions is provided here for reference. Recommended reserve contributions are based on third-party engineering reserve studies commissioned every 5-years. Actual reserve spending is based on an annual assessment of capital improvement needs and may vary from reserve study estimates.

  • Pool management expenses are the largest line item in the annual operating budget. Pool management expenses have risen over 66% between 2018 and 2025. Pool management increases since 2018 have largely been driven by an increase in wages, COVID, and new funding models for pool management providers due to COVID. This is despite limited changes in the scope of work under our pool contract. A summary of the communities pool management contract over the past 18-years compared to our annual dues is provided here for reference. The percentage of the pool management budget compared to dues has increased by close to 10% since 2021.